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Jan 3, 2013
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here is what republicans believe will happen, we'll hit the debt ceiling, the republicans will threaten to push the country into debt ceiling, unless the republicans allow enormous cuts. and no tax increases. so in the end you will have enormous spending cuts and increases in taxes. the republicans say no way, they will not be held hostage on the debt ceiling. and if republicans want cuts coming up, they have to off set it with tax increases. and if the white house is right about it, then i think we'll look back, add up all the numbers and it will look like a pretty good deal. with one exception, we're losing the stimulus and not replacing it. but if the white house is right they can get taxes in the next phase of the deal too, i think it will look good. >> yeah, ezra, and i'm prepared to analyze what this deal was right here without necessarily making it how good it is depending on what happens in the future. but i agree with you what is coming. and jared, i agree with the president very carefully about what he is saying, he will not negotiate on the debt ceiling. he has absolutely rul
here is what republicans believe will happen, we'll hit the debt ceiling, the republicans will threaten to push the country into debt ceiling, unless the republicans allow enormous cuts. and no tax increases. so in the end you will have enormous spending cuts and increases in taxes. the republicans say no way, they will not be held hostage on the debt ceiling. and if republicans want cuts coming up, they have to off set it with tax increases. and if the white house is right about it, then i...
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Jan 2, 2013
01/13
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that debate and whether to raise the debt ceiling republicans have signald that they are going to use that to try to get spending cuts and entitlement reforms. >> and i expect it going to end up with a patch and what is from the point of view of our fiscal problems another failure as tonight. and the reason is if you have two elements in this the, the president and the republican house which will be on more equal strength and they will resist each other and go to the last minute and they will work out another useless extension and have to fight again. the reason i say that is that everybody spoke about what we would do tax reform after the election and entitlement reform after the election. we see a president now who is not interested in either and tax reform is the one thing that has debt reduction commission -- that his debt reduction commission had recommend the. when regan worked it out with tip o'neill in 1986 there was an enormous success. eliminate the deductions and lower the rate. this will be a titanic struggle that will not be solved at debt ceiling time. >> bret: check in
that debate and whether to raise the debt ceiling republicans have signald that they are going to use that to try to get spending cuts and entitlement reforms. >> and i expect it going to end up with a patch and what is from the point of view of our fiscal problems another failure as tonight. and the reason is if you have two elements in this the, the president and the republican house which will be on more equal strength and they will resist each other and go to the last minute and they...
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Jan 2, 2013
01/13
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way into oblivion. >> last night, the president warned republicans not to use the debt ceiling as a bargaining chip. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> nbc's kelly o'donnell is live on capitol hill. and nbc's mike viqueira joins us from the white house. kelly, let's start with you. you look remarkably well for what i can only mablg has been a rough last couple of days. >> oh, you're kind, chris, thank you. >> we rolled out kind of a basic nuts and bolts of the deal. give me a sense on what the mood is, how people are feeling? do people feel republicans won, democrats won? is there a winner in something like this? who got what they wanted and who didn't? >> reporter: well, if you can look past the exhaustion and the over-caffeinated atmosphere that everyone has hear, i think you do see that most people will say that the president gets a victory on this and that democrats have plenty that they are happy about in the package, and that republicans
way into oblivion. >> last night, the president warned republicans not to use the debt ceiling as a bargaining chip. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> nbc's kelly o'donnell is live on capitol hill. and nbc's mike viqueira joins us from the white house. kelly, let's start with you. you look remarkably well for what i can only mablg has...
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Oct 10, 2013
10/13
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the debt ceiling. in exchange for a real commitment by this president and the senate majority leader to sit down and talk about the pressing problems that are facing all the american people. that includes a broad array of issues. we look forward to that happening and as you looked throughout history, presidents who have governed in a divided government have all sat down and talked with the other side. it's about time this is happenin happening. >> i'm hopeful for today. this is something that republicans have been waiting quite some time for. we never wanted to shut down. that's why our very last bill has said let's go to conference. we're thankful the president is willing to talk today. we're coming there with an idea of getting there, to deal with these economic drivers that harm the economy. the drivers that continue to add debt. so when we make an offer today for a temporary extension, we're looking for a structure that puts us on a path to get a budget, to take care of the debt and move this econo
the debt ceiling. in exchange for a real commitment by this president and the senate majority leader to sit down and talk about the pressing problems that are facing all the american people. that includes a broad array of issues. we look forward to that happening and as you looked throughout history, presidents who have governed in a divided government have all sat down and talked with the other side. it's about time this is happenin happening. >> i'm hopeful for today. this is something...
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Jan 2, 2013
01/13
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what they believe is going to happen, on the debt ceiling republicans are going to say we're not going to raise the debt ceiling unless you give us a very significant amount dollar for dollar spending cuts. and this time they want the spending cuts in medicare in social security, and medicaid. they think the debt ceiling is where they have all the leverage. so they were able to take the points of the agreement, which was the fiscal cliff and the taxes, where it would go up automatically, get up with the smaller tax increase than expected. now we sort of move to the republican portion of the leverage agreement. republican republicans say there is no way they would be held hostage. if republicans want further spending cuts they will have to match it with tax increases. which side is right on that ultimately it is going to be decided who got the better end of this deal. >> ezra klein, thank you as always, happy new year to you. >> all right, we'll be right back. sometimes what we suffer from is bigger than we think ... like the flu. with aches, fever and chills- the flu's a really big dea
what they believe is going to happen, on the debt ceiling republicans are going to say we're not going to raise the debt ceiling unless you give us a very significant amount dollar for dollar spending cuts. and this time they want the spending cuts in medicare in social security, and medicaid. they think the debt ceiling is where they have all the leverage. so they were able to take the points of the agreement, which was the fiscal cliff and the taxes, where it would go up automatically, get up...
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Jan 4, 2013
01/13
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republicans are treating the debt ceiling as a bargaining chip. the senate republican leader thinks he has a winning hand here. mitch mcconnell is leading the charge to get major concessions out of the president of the united states in exchange for a vote to increase the debt ceiling. mcconnell wrote an op-ed for yahoo news today saying the fiscal cliff fight represented "the last word on taxes. that debate is over. the strategy is only increase the debt limit if there is an equal amount of spending cuts. we simply cannot increase the nation's borrowing limit without committing to long overdue reforms to spending programs that are the very cause of our debt." that's what makes my blood boil. it is the wars that started all of this that they never paid for. so according to mcconnell, there will be no new revenue to reduce the deficit, just cuts to spending programs like the big three. he wants the president to play ball. or else the country will default on its debts, its good faith, and the united states around the world. mcconnell told his caucus
republicans are treating the debt ceiling as a bargaining chip. the senate republican leader thinks he has a winning hand here. mitch mcconnell is leading the charge to get major concessions out of the president of the united states in exchange for a vote to increase the debt ceiling. mcconnell wrote an op-ed for yahoo news today saying the fiscal cliff fight represented "the last word on taxes. that debate is over. the strategy is only increase the debt limit if there is an equal amount...
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Feb 5, 2013
02/13
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now on the horizon there are lots of house republicans, particularly younger ones, who say let's cut the defense budget, let those automatic spending cuts take place, and there are lots of senior republicans who say, not so fast. so that's going to be a problem within the republican party as we look ahead. >> where does karl rove and his new super pac fit into that? >> did you ever think republicans would call him a rhino, republican in name only. here you go. i've always thought of karl rove as a conservative. what's going on is his pac has said, you know what, we are tired of someone associated with his pac said to me, quote, the novelty of losing elections has worn off, and what they've decided to do is to start putting their money in primaries. they want to vet republican primary candidates so that by the time they get to the general election they believe they have qualified vetted candidates who can actually win. conservatives are saying, this is not what you should do. you need to let the process work itself out and american crossroads is saying, don't sacrifice ideological pur
now on the horizon there are lots of house republicans, particularly younger ones, who say let's cut the defense budget, let those automatic spending cuts take place, and there are lots of senior republicans who say, not so fast. so that's going to be a problem within the republican party as we look ahead. >> where does karl rove and his new super pac fit into that? >> did you ever think republicans would call him a rhino, republican in name only. here you go. i've always thought of...
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Sep 20, 2013
09/13
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the republicans are saying we will give you the debt ceiling increase but we want you to give us and the american people something in return. they are asking for a dollar for dollar offset. if you are raising the debt ceiling for the next year then offset it by spending reductions and en titlement spending over the next decade. that's a reasonable formula which the president has agreed to in a previous debt ceiling vote. >> i think the american people -- if i can be so bold to speak to them, they have now seen the debt ceiling fight over 40 times in the last 30 years. there have been agreements. some have been fight it is last two times. this time and the time before. i bet the american people think when they have spending problems at home they reached the top of their visa or american express and they tighten the belt. they don't call up visa and say, put another $5,000 on it. or not twice because they are worried they can't pay. >> we have two votes. one is the debt ceiling vote itself. we adopt a budget resolution and passed the 12 appropriations bills that determine how much the
the republicans are saying we will give you the debt ceiling increase but we want you to give us and the american people something in return. they are asking for a dollar for dollar offset. if you are raising the debt ceiling for the next year then offset it by spending reductions and en titlement spending over the next decade. that's a reasonable formula which the president has agreed to in a previous debt ceiling vote. >> i think the american people -- if i can be so bold to speak to...
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Oct 11, 2013
10/13
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one republican called the talks useful and productive, but no deal on the shutdown or the debt ceiling. mike viqueira is standing by at the white house. another day of political theater what does it mean? >> this is a little more substancetive. there is no break through to this impasse. with one week to go the possible default for the october 17t october 17th deadline for congress to act to race the debt ceiling. it's movement and significant movement. house republican leaders were here for an hour and a half this evening with the president. all happening behind closed doors. the vice president was there and the treasury secretary as well. talking about a new republican proposal. the republicans and democrats have not swallowed it hole whi e quite yet. they do cite continued progress going on here in a statement that republicans say that even opening the government is now on the tabl taibility table and tha change. eric cantor is a republican leader from the house of representatives. he returned from the white house to the capitol and reporters were there waiting for him. he filled the
one republican called the talks useful and productive, but no deal on the shutdown or the debt ceiling. mike viqueira is standing by at the white house. another day of political theater what does it mean? >> this is a little more substancetive. there is no break through to this impasse. with one week to go the possible default for the october 17t october 17th deadline for congress to act to race the debt ceiling. it's movement and significant movement. house republican leaders were here...
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Sep 30, 2013
09/13
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or i won't sign a bill that raises the debt ceiling unless republicans agree to some item of mine. and he's not saying that. and democrats aren't saying that. they're simply saying that congress should pay our bills and congress should ensure that the government doesn't shut down. >> is he talking to the speaker tonight? has he spoken with him yet tonight? >> you know, i don't have a conversation right now to sort of read out to you, chris. the president did say earlier today that he would be speaking with the leaders today. so i expect that will happen. look, i think that the action right now is in congress. the opportunity right now is in the house. the house could act very easily to pass what the senate passed which is a clean continuing resolution. a bill that cleanly extends government funding so that the government doesn't shut down at midnight and does so for several weeks. so that there's time to negotiate over our priorities and how we fund the government and how we ensure that the middle class is secure. so the house can do that. and there are stories out there now about
or i won't sign a bill that raises the debt ceiling unless republicans agree to some item of mine. and he's not saying that. and democrats aren't saying that. they're simply saying that congress should pay our bills and congress should ensure that the government doesn't shut down. >> is he talking to the speaker tonight? has he spoken with him yet tonight? >> you know, i don't have a conversation right now to sort of read out to you, chris. the president did say earlier today that...
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Jan 26, 2013
01/13
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are going to cross their arms and they are not going to raise the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. you're going to watch the u.s. do crazy, crazy things this year. >> he was pretty clear. he called it crazy. i talked to eric cantor earlier, the republican majority leader. he sort of said we're ready to deal and compromise, but people are very worried about what the u.s. could do. >> oh, and this latest decision to just kick the can, i hate to use the cliche, further down the road, axel neighbor is a former central banker in europe, also the head of ubs and he was absolutely in no doubt that what we are seeing in the u.s. in the political and economic process is dangerous. >> if you have the debt ceiling, the europeans will talk about how you can make that binding. in the u.s., the concern is much more whether you can lift it in time in order not to put too much break on the economy. now, the u.s. economy has bottomed out, it's coming back, and i think sooner or later the u.s. has to face the fisc
are going to cross their arms and they are not going to raise the debt ceiling ultimately unless they get severe spending cuts and the obama administration is not going to give it to them. you're going to watch the u.s. do crazy, crazy things this year. >> he was pretty clear. he called it crazy. i talked to eric cantor earlier, the republican majority leader. he sort of said we're ready to deal and compromise, but people are very worried about what the u.s. could do. >> oh, and...
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ceiling does that's what the republicans don't want to shade tree with you and a lot of people don't understand i think what the debt ceiling actually does and i do agree that we should have to pay our bills that brings us back to the real problem that we have in america which is a spending problem our spending is out of control and you know and then we have the opposite in consequence of both too much spending and not enough. i mean you've got to give corporations are paying nine percent they're paying nine percent of the cost of government operations right now they're paying thirty five percent during the i doubt that's true that's a totally different that's a totally no better going to used to come from we didn't have this problem before knowing what the problem that we have right now is a spending problem we can't afford to pay all the money that we're paying and entitlements and welfare and food stamps we have is nearest to the deficit a penny and ronald reagan would be the first tell you that i wasn't specifically talking about social security i'm talking about again food stamp
ceiling does that's what the republicans don't want to shade tree with you and a lot of people don't understand i think what the debt ceiling actually does and i do agree that we should have to pay our bills that brings us back to the real problem that we have in america which is a spending problem our spending is out of control and you know and then we have the opposite in consequence of both too much spending and not enough. i mean you've got to give corporations are paying nine percent...
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Oct 10, 2013
10/13
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a clean debt ceiling. democrats are not so sure. they haven't seen the language of it. but a debt ceiling that doesn't have the spending cuts and other strings attached that? conservatives have been demanding. in exchange for that what they wanted him to agree to was to sit down and talk about the big issues they have to the come together on frankly for two, three years. big, big issues that everybody believes need to be addressed, but they have very different philosophies on how to do so with regard to entitlements, with regard to taxes, with regard to the overall level of government spending. those are the things they wanted to discuss with the president. you know, again, as you and i have talked about so many times over the past ten days or more, we still have a potential chicken or egg situation, which is the best way to describe this. jim just played a quick sound bite from the senate majority leader harry reid, who said it's not going to happened, when asked if they would agree to extend the debt cei
a clean debt ceiling. democrats are not so sure. they haven't seen the language of it. but a debt ceiling that doesn't have the spending cuts and other strings attached that? conservatives have been demanding. in exchange for that what they wanted him to agree to was to sit down and talk about the big issues they have to the come together on frankly for two, three years. big, big issues that everybody believes need to be addressed, but they have very different philosophies on how to do so with...
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Jan 1, 2013
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the debt ceiling was not included in this bill. this is a fight that we can wage in two months from now when we renegotiate this and we can try to get the type of deficit reduction that republicans have been looking for. and the cuts that republicans have been looking for. from the perspective of the white house and the democrats, they feel as though they have a fair amount of political leverage because of that 89-vote count they got in the senate and also because this is really go time. something needs to be done and right now it's in the republicans' hands to act. that sort of puts the pressure on republicans. remember the markets open up tomorrow. they could be impacted by whatever happens in the house. >> that being said about pressure on republicans, is the white house at all worried about criticism that it's facing on the left over this deal? >> i think there certainly was some concern especially last night when the details were just coming out and a number of people on the left were saying this is not a good deal. we didn't
the debt ceiling was not included in this bill. this is a fight that we can wage in two months from now when we renegotiate this and we can try to get the type of deficit reduction that republicans have been looking for. and the cuts that republicans have been looking for. from the perspective of the white house and the democrats, they feel as though they have a fair amount of political leverage because of that 89-vote count they got in the senate and also because this is really go time....
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Jan 3, 2013
01/13
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and i guess my question is will republicans in the senate hold up a debt ceiling unless and until let's say they get a spending sequester or substitute or something that you can get your arms around. >> well, certainly what i'm going to be pushing for, larry -- one of the things i've been pointing out is we've had this revisionist history that said the last debate resulted in a debt downgrade because of the messy debate. that's not what caused the debt downgrade. what caused that debt downgrade is the fact that the debate did not result in a solution to the problem. when president obama unbelievably said we're not even going to have a debate this time. oh yes, we are, mr. president. because every time you come to congress and you ask for the authority to increase the debt burden on our children and grandchildren, that is a debate that we must have and that we will have, and the time, let's do it in public. let's utilize regular order. let's utilize the floor of the senate. supposedly the greatest body that harry reid has turned s ee a deal making body. that's got to end. that's how we d
and i guess my question is will republicans in the senate hold up a debt ceiling unless and until let's say they get a spending sequester or substitute or something that you can get your arms around. >> well, certainly what i'm going to be pushing for, larry -- one of the things i've been pointing out is we've had this revisionist history that said the last debate resulted in a debt downgrade because of the messy debate. that's not what caused the debt downgrade. what caused that debt...
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Apr 30, 2013
04/13
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say yes to house and senate republicans, go and vote the debt ceiling? guest: we have never been raising the debt ceiling, we just think there should be irresponsible behavior in return. we should not have to raise it again in the near future because we have to implement the get us on stable footing. there is the ryan budget, a path to balance in 10 years. we thought that was good, we supported it. we did not like the details of how they got there, but having a balance within 10 years is a good thing. if, in exchange for raising the debt ceiling, we could be convinced that we are on a path to balance within 10 years get . in other words, a balanced budget within 10 years, that will take real entitlement reform, real tax reform. it is not smoke and mirrors, on future congresses to behave well and so forth, but if you convince us we are on the path to balance, we will support raising the debt ceiling. host: when might that happen? guest: it seems like a moving target. in may is when we officially run out of capacity. the treasury department can take extrao
say yes to house and senate republicans, go and vote the debt ceiling? guest: we have never been raising the debt ceiling, we just think there should be irresponsible behavior in return. we should not have to raise it again in the near future because we have to implement the get us on stable footing. there is the ryan budget, a path to balance in 10 years. we thought that was good, we supported it. we did not like the details of how they got there, but having a balance within 10 years is a good...
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Oct 3, 2013
10/13
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had their eye on a bigger hostage, the debt ceiling. the u.s. treasury lays out a default would have devastating consequences, credit markets would freeze, dollar could plummet, u.s. interest rates skyrocket, spillovers reverberate around the world and there might be a financial crisis and recession that could echo the events of 2008 or worse. wall street is already reacting. in response to the ongoing shutdown and looming crisis the dow jones industrial average plunged 170 points just today. speaking in rockville, maryland, the president laid out what's at stake. >> as reckless as a government shutdown, as many people being hurt by a government shutdown, an economic shutdown that results from default would be dramatically worse. in a government shutdown social security checks still go out on time. in an economic shutdown, if we don't raise the debt ceiling, they don't go out on time. in a government shutdown disability benefits still arrive on time. in an economic shutdown they don't. >> goldman sachs ceo blankfein had even stronger wo
had their eye on a bigger hostage, the debt ceiling. the u.s. treasury lays out a default would have devastating consequences, credit markets would freeze, dollar could plummet, u.s. interest rates skyrocket, spillovers reverberate around the world and there might be a financial crisis and recession that could echo the events of 2008 or worse. wall street is already reacting. in response to the ongoing shutdown and looming crisis the dow jones industrial average plunged 170 points just today....
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Jan 2, 2013
01/13
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republicans say they will force a debt ceiling negotiation and they are going to get spending cuts. it will be one to one for every dollar increase with big spending cuts and no board tax cuts. we are only going to negotiate over tax reform and spending cut packages. either one side is right in the other is wrong or they are both wrong and we will reach the debt ceiling. three possibilities on the table, one very, very dangerous for the economy. they can't all be right, only one can be right. >> when you look at this, talking about the debt ceiling, and we pushed into the first couple of months of the new year, should we expect another confrontation as we have experienced here during new year's? >> there is no evidence that congress, the american political system at this period in time can do anything in advance. they are always cramming. they are always going over cliffss. it is an embarrassing way to run a government. again, i want to be very clear that the debt ceiling is a much more dangerous negotiation. what i would love to tell you is that there is nobody in the government cr
republicans say they will force a debt ceiling negotiation and they are going to get spending cuts. it will be one to one for every dollar increase with big spending cuts and no board tax cuts. we are only going to negotiate over tax reform and spending cut packages. either one side is right in the other is wrong or they are both wrong and we will reach the debt ceiling. three possibilities on the table, one very, very dangerous for the economy. they can't all be right, only one can be right....
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Jan 2, 2013
01/13
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now, even pat thume in the senate, he wants to see the government shut down in the debt ceiling. when you've got crazy people like that, there is no hope of getting something done that's good for the country. >> but congresswoman, give me a sense from inside the beltway. when you see boehner voting for the deal and cantor voting against the deal, how big a deal is that? >> well, some say that john boehner, tomorrow, may not win on the first ballot in his caucus -- in his conference. to be the speaker. i don't really know what that means. you have paul ryan and john boehner voting for it and eric cantor voting against it. clearly, there is a split. but john boehner, let's face it, is kind of from the old school of politicians and a leader who wants to negotiate. the problem is he can't really hold his conference together. he's not a great leader of his conference. >> neah malika, let's pick that up. right wing media saying boehner could be pushed out tomorrow. the headline says sources say there are enough republicans willing to unseat speaker boehner. and then there's been, like,
now, even pat thume in the senate, he wants to see the government shut down in the debt ceiling. when you've got crazy people like that, there is no hope of getting something done that's good for the country. >> but congresswoman, give me a sense from inside the beltway. when you see boehner voting for the deal and cantor voting against the deal, how big a deal is that? >> well, some say that john boehner, tomorrow, may not win on the first ballot in his caucus -- in his conference....
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Mar 8, 2013
03/13
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according to nbc news, they focused on the on-going battles over the debt ceiling the budget and the sequester apparently without throwing any cutlery. two well-fed republicans senators john mccain and mike johanns seemed pleased. >> all i can say is we had a nice evening. >> his goal is ours. we want to stop careening from crisis to crisis. >> john: the senators may have even learned something. because according to nbc news, again, when the dinner was over and i quote... >> john: to think just like bill o'reilly, all they had to do to find his cuts was just look at the white house web site on the fancy internet because some republicans might like what they see. progressives should really take a look at that, too, because the president's proposals don't necessarily show the balance he insists is necessary to deal. the president is offering republicans $930 billion in program cuts plus another $100 billion locked from social security benefits in return for $580 billion in revenue. not exactly -- progressives should take heart boehner says any additional revenue is still a deal breaker
according to nbc news, they focused on the on-going battles over the debt ceiling the budget and the sequester apparently without throwing any cutlery. two well-fed republicans senators john mccain and mike johanns seemed pleased. >> all i can say is we had a nice evening. >> his goal is ours. we want to stop careening from crisis to crisis. >> john: the senators may have even learned something. because according to nbc news, again, when the dinner was over and i quote......
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Jan 1, 2013
01/13
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because republicans say that is a mechanism they have raising the debt ceiling, some the president and treasury secretary want that forces the president to the table to have more spending cuts. the white house insists he will agree to other spending cuts without in their words being hold hostage by the gop. the war of words will begin again. in two months another fight oh over the sequester. the across-the-board spending cuts that both sides say they hate and yet they are kicking the can down the road again. number two, a big fight again over lifting the debt ceiling. paying the bills or reaching the limit on our bore are rowing authority. that is the underlying thing here is that if any one thinks the quote unquote deal if it goes through the house and senate and signed by the president in the next 24-48 hours if they think that is the end there is another big budget battle coming. two of them about two months from now, bret. >> before we take a quick break. one more thing before i let you go and do some more reporting. the event today really struck a lot of people. not just republica
because republicans say that is a mechanism they have raising the debt ceiling, some the president and treasury secretary want that forces the president to the table to have more spending cuts. the white house insists he will agree to other spending cuts without in their words being hold hostage by the gop. the war of words will begin again. in two months another fight oh over the sequester. the across-the-board spending cuts that both sides say they hate and yet they are kicking the can down...
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Sep 14, 2013
09/13
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led by the tea party held up the debt ceiling. what they got was a whole process including what's calling the budget control act that led to the sequester. they really cut government spending. they got cuts in the first budget control act. further cuts when the sequester kicked in and ever since, we have had a series of crisis and there is no accident. republicans came in, broke the normal budget process and replaced it with a series of ad hoc measures each with its own deadline, its own hostage and this time around, the hostage is obama care, of course. the affordable care act. >> for the sake of our economy, we'll continue to do everything we can to repeal, dismantle an defund obama care. >> they are insisting on defunding obama care about the pride of continuing the resolution. >> now, americans face the prospect of another republican manufactured crisis to shut down the government. what's interesting to note proposals republicans are putting forward are not proposals. they are proposals to shut down government. they know what
led by the tea party held up the debt ceiling. what they got was a whole process including what's calling the budget control act that led to the sequester. they really cut government spending. they got cuts in the first budget control act. further cuts when the sequester kicked in and ever since, we have had a series of crisis and there is no accident. republicans came in, broke the normal budget process and replaced it with a series of ad hoc measures each with its own deadline, its own...
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Oct 11, 2013
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that's why it's important for congress to reopen the government, to raise the debt ceilings and then to work with the president to addressed our fiscal challenges in a balanced fashion. republican and democrats presidents have universally understood they protect us. the full faith and credit of the united states. president regan wrote to congress in 1983 and and i quote. the full consequences of the default, we're evening the si reese prospect of default by the itself our impossible to predict and awesome to contemplate. den gration of the pull faith and credit. on the value of the dollar it exchangesed markets, closed quote. >> if congress fails to meet its responsibility, it could deeply damage maintenancetial markets the ongoing recovery and the jobs. i have an unt to be apparent about these risks. and i think it would be a great mistake to dits count or dismiss them. for this reason i've reportedly asked him to take step immediately. >> the treasury department is rarely updated over the course of the last three months. new information has become available about when we would exha
that's why it's important for congress to reopen the government, to raise the debt ceilings and then to work with the president to addressed our fiscal challenges in a balanced fashion. republican and democrats presidents have universally understood they protect us. the full faith and credit of the united states. president regan wrote to congress in 1983 and and i quote. the full consequences of the default, we're evening the si reese prospect of default by the itself our impossible to predict...
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Jan 3, 2013
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in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of this issue that suggests there won't be a fight? >> there will be a fight unless the president takes it off the table by invoking his ability to say i'm going to ignore the debt ceiling when and if it -- when and if it says that we can't pay the bills that are lawfully incurred because that would violate the 14th amendment. if the president is willing to invoke the 14th amendment, he can take it off the table. the republicans would yell and scream but he's has the right to invoke the 14th amendment and the republicans can take it to court. >> we're going to bring in our panel. hi, guys. good to see you all. >> good morning. it's want to start with what's happening at the top of the hour, robert. we have the 113th congress reconvening at no
in order to avoid that disaster since the republicans are trying to use the debt ceiling to bl k blackmail the country say by saying it's a nice economy, pity to blow it up if you have don't pay our ran sam. dr ran some. -- ransom. >> you just said there should not be a fight over the debt ceiling but will there be? is there anything about the history of this issue that suggests there won't be a fight? >> there will be a fight unless the president takes it off the table by invoking...
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Jan 2, 2013
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i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might be an achievement, but patching these things that have become almost catastrophic things that could happen is, in their estimation, sort of a waste of time. >> yeah, congratulations, we just didn't fail bigger. it's frustrating to have this conversation. that you you very much for that. not only does congress have to deal with the debt ceiling next month. they also have to deal with the sequester, remember that series of cuts in federal spending that will reduce most budgets about 8% to 10%. last night's deal basically kicked automatic that down the road. an
i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might...
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Oct 10, 2013
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"the new york times" reporting president obama has rejected the republican plan to extend the debt ceiling without reopening the government. he told the republicans at a meeting at the white house no. speaker john boehner arrived back at capitol hill just moments ago after that white house meeting. boehner did not speak to reporters. joining me now is congressman keith ellison, democrat from minnesota. thanks for being here, congressman. >> thank you. thank you, reverend. good to see you as always. >> good to see you. what do you make of this news? they made this offer to the president of extending the debt ceiling while they talked through budget stuff. but keeping the government closed. "new york times" is reporting now the president said no to that offer. >> i think the president's right to hang tough. i mean, we had had a shutdown -- the shutdown rally today in the pouring rain, but still we had about 500 people come on out. and people would come to the microphone talking about the inability to pay for groceries. a man who's a single dad says he may have to go to a homeless shelter wit
"the new york times" reporting president obama has rejected the republican plan to extend the debt ceiling without reopening the government. he told the republicans at a meeting at the white house no. speaker john boehner arrived back at capitol hill just moments ago after that white house meeting. boehner did not speak to reporters. joining me now is congressman keith ellison, democrat from minnesota. thanks for being here, congressman. >> thank you. thank you, reverend. good...
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Feb 5, 2013
02/13
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has signed into law the government raising the debt creole creole -- debt ceiling. house republicans are calling out president obama for missing an official deadline on monday. by law the president is required to deliver his budget for the upcoming fiscal year to capitol hill. this is the fourth time in five years that simply did not happen. and house speaker john boehner is pointing fingers. >> going to be late. some reports say it could be as long as a month late. i think that's too bad. our economy could use some presidential leadership right now. >> republicans plan to hold a vote today on the new measure to drive attention to the missed deadline. the white house isn't saying when the 2014 spending plan is coming out. that is very unusual. the buzz is mid- to late march at this point which is pretty much unheard of. you do not see budgets delayed quite this long. you have to go back to the reagan era to find that kind of delay. >> any reason what's the holdup? >> this is all political. we have the sequestration set to hit in march but what's interesting is that
has signed into law the government raising the debt creole creole -- debt ceiling. house republicans are calling out president obama for missing an official deadline on monday. by law the president is required to deliver his budget for the upcoming fiscal year to capitol hill. this is the fourth time in five years that simply did not happen. and house speaker john boehner is pointing fingers. >> going to be late. some reports say it could be as long as a month late. i think that's too...
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Sep 30, 2013
09/13
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the business is usually more focused on the debt ceiling than the shutdown. if we have a shutdown in the next few days, what are the big analysts and independent newspapers say, i don't think republicans -- i don't care what john mccain thinks, i think that's right. they are not looking for other senators for guidance, some mainstream republicans for guidance. they may look towards the donor community because they usually have a big role in the republican party's actions if big banks on wall street say we're not going to give the party money anymore if it keeps doing these things, that could change. but that's not going to happen tomorrow. that's going to be a while. a lot of business leaders pride themselves on being bipartisan and not partisan. >> washington is broken but it's because the tea party broke it. >> thanks perry and ari. we have an asymmetrical problem, up next, what the shutdown could mean for you? remember on the friday, about the phone call with iran's president. it's been overshadowed but israel netanyahu and the secretary of state together
the business is usually more focused on the debt ceiling than the shutdown. if we have a shutdown in the next few days, what are the big analysts and independent newspapers say, i don't think republicans -- i don't care what john mccain thinks, i think that's right. they are not looking for other senators for guidance, some mainstream republicans for guidance. they may look towards the donor community because they usually have a big role in the republican party's actions if big banks on wall...
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Sep 18, 2013
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the debt ceiling will not be negotiated. he won't negotiate about the budget and what the spending priorities are. but he's not going to negotiate about the debt limit. and the congress voted to spend this money, and the congress has a responsibility to pay its bills. >> congressman, richard wolf, thank you both for your time tonight. >> thanks reverend. >>> coming um, more on the grand obstructionist party. why these political hostage takers are governing like rush limbaugh. >>> plus, i want to know how it's okay to take food away from americans in need. tomorrow they'll vote to slash $40 billion from food stamps. how can they lock ok in the mir? >>> and from glen beck to the halls of congress, they're talking impeachment again. bold has a huge imagination. a playground of innovation, color, and design. showing up where we least expect it. and taking inspiration from our wildest dreams. because kohler doesn't see the world in fixtures and faucets. it reimagines. coloring our lives in ways only bold could do, it's no wonder
the debt ceiling will not be negotiated. he won't negotiate about the budget and what the spending priorities are. but he's not going to negotiate about the debt limit. and the congress voted to spend this money, and the congress has a responsibility to pay its bills. >> congressman, richard wolf, thank you both for your time tonight. >> thanks reverend. >>> coming um, more on the grand obstructionist party. why these political hostage takers are governing like rush...
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Oct 13, 2013
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avoid the debt ceiling default in just four days. not a single republican would step forward. some have said that we are looking forward to this vote to vote no. i do not understand her logic but that is what they said. before people give up hope, and hear the train whistle and wonder if this will end up in the right way, there are conversations going on with senators of both political parties. beyond what senator reid mentioned in his earlier meeting, there is an active conversation between republicans and democrats in the senate. why? we understand how important this is. we understand how much damage has been done to 800,000 furloughed federal employees. we realize the potential damage to 300 million americans if we default on this debt. onlys been spelled out in those flattered economists who somehow flatter small handful of republicans, but they have told us in no uncertain terms that we are doing with increases with interest rates on everybody. and the reputation of the united states will be damaged anyway it -- will be damaged
avoid the debt ceiling default in just four days. not a single republican would step forward. some have said that we are looking forward to this vote to vote no. i do not understand her logic but that is what they said. before people give up hope, and hear the train whistle and wonder if this will end up in the right way, there are conversations going on with senators of both political parties. beyond what senator reid mentioned in his earlier meeting, there is an active conversation between...
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Jan 3, 2013
01/13
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debt ceiling into a fight for cutting spending. take a look at what he had to say. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> what leverage does the white house have left if they've already now played the card on the precipice of the fiscal cliff with the election result at their back. why now going forward would they have the leverage to entertain some type of a grand bargain or to not have to negotiate over the fiscal -- the debt ceiling limitation. >> the answer is none, michael. when i heard the president said that, i thought good luck with that. >> right. >> the one thing that this republican-dominated congress has proven over the last four years that it can do is nothing. but we had two points of leverage. they had to deal with the sequester and they had to deal with things like the estate tax a
debt ceiling into a fight for cutting spending. take a look at what he had to say. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat. we can't not pay bills that we've already incurred. >> what leverage does the white house have left if they've already now played the card on the precipice of the fiscal cliff with...
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Sep 19, 2013
09/13
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the debt ceiling back then. this is always a difficult vote. they got to find a way to get the votes here. >> but what does boehner do, the speaker of the house, if he has to decide between rejecting the call to kill the affordable health care act or not funding the federal government. how does he deal with that one or the other situation? it isn't about cutting spending, it's about getting rid of one big milestone accomplishment of the president. >> you walk through the process. you give members of the house a vote which they're going to get tomorrow. they're going to vote to defund obama care. send it to the senate. they'll probably reject is that. then they send it back to the house. then you have to reach a combination on the spending levels which is the issue here. it's not whether they're going to defund obama care, which is not going to happen by the way, but how you reach the levels of spending for the short-term cr. you have to work through this process and that's what boehner is doing. >> does that con
the debt ceiling back then. this is always a difficult vote. they got to find a way to get the votes here. >> but what does boehner do, the speaker of the house, if he has to decide between rejecting the call to kill the affordable health care act or not funding the federal government. how does he deal with that one or the other situation? it isn't about cutting spending, it's about getting rid of one big milestone accomplishment of the president. >> you walk through the process....
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Sep 20, 2013
09/13
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president, we will give you the debt ceiling increase but we want you to give us and the american people something in return. what they're asking for is a dollar for dollar offset. if you're going to raise the debt ceiling for the next year offset it by spending reductions in entitlement spending over the next decade. that's an entirely reasonable formula the president already agreed to at a previous debt ceiling vote. >> i think the american people if i can be so bold to speak to them they have now seen this debt ceiling fight 40 times in the last 30 years. never good fights. some have been fights the last two times. this time and the time before. i bet the american people think when they have spending problems at home and reach the top of their visa or american express card, they tighten their belt and say will you put another $5,000 on? because they can't pay it. >> we have two votes, one to raise the amount of me on the government is allowed to borrow, the debt ceiling itself. we have another set of votes when we adopt the budget resolution and pass the appropriations bill to determi
president, we will give you the debt ceiling increase but we want you to give us and the american people something in return. what they're asking for is a dollar for dollar offset. if you're going to raise the debt ceiling for the next year offset it by spending reductions in entitlement spending over the next decade. that's an entirely reasonable formula the president already agreed to at a previous debt ceiling vote. >> i think the american people if i can be so bold to speak to them...
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Sep 20, 2013
09/13
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do they try and get that, do they tie that to raising the debt ceiling, what happens with keeping the government running. i think these are all very fluid issues right now that after this vote and after the vote in the senate, you're going to have to start having some real collaboration and real negotiation here. >> hold for a second. hold for a second, if you will. there's a couple live moving parts i want to get our viewers up to speed on. what you're looking at now is what is an impromptu rally, so to speak, planned but the timing has been moving about. you can see the hash tag on the front. this is the house republican leadership about to implore the senate to act to what they just did and talk about exactly what they have just done. i expect that the house majority leader eric cantor will likely be speaking as well as house speaker john boehner. but this is something, wolf, that we were expecting to happen. can they really get the senate to quote, act, senate must act? >> the senate will act but they won't pass the same legislation that just passed in the house of representatives
do they try and get that, do they tie that to raising the debt ceiling, what happens with keeping the government running. i think these are all very fluid issues right now that after this vote and after the vote in the senate, you're going to have to start having some real collaboration and real negotiation here. >> hold for a second. hold for a second, if you will. there's a couple live moving parts i want to get our viewers up to speed on. what you're looking at now is what is an...
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Oct 5, 2013
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ceiling. that could give them room to sit down and have the negotiations that republicans have been demanding. that's just an idea that's kind of floating around. we don't yet know how much traction it's going to get. fred? >> thanks so much. perhaps we will be hearing more about that later on. >>> let's talk about something else that's gotten a lot of attention. it involves new york. new york city police now wanting your help in finding this man who is wanted for questioning in connection with that clash between the group of bikers and the driver of an suv. margaret conley is covering this for us from new york. two bikers turned themselves in. one has been charged. what more can you tell us? >> fred, it happened right here. the suv driver, he was trying to get away from the bikers. he pulled off the freeway at west 178th street and this is where the most violent parts of the incident took place. now, two bikers, they are in custody right now. one has been charged. the police are still looking
ceiling. that could give them room to sit down and have the negotiations that republicans have been demanding. that's just an idea that's kind of floating around. we don't yet know how much traction it's going to get. fred? >> thanks so much. perhaps we will be hearing more about that later on. >>> let's talk about something else that's gotten a lot of attention. it involves new york. new york city police now wanting your help in finding this man who is wanted for questioning in...
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Oct 1, 2013
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ceiling resolution has to occur. and if not then, you know, one of the things that republicans have tried is to say they want to go to conference committee but with just the temporary continuing resolution as opposed to a big budget deal. which means we're doing this again in several weeks. i think obama is trying to make clear that it's kind of government by crisis. funding a few weeks at a time is unacceptable. and in that case, he can't negotiate. >> congressman fattah, you heard a republican refer to it as a paid vacation on my program last night. here's what the president said about people forced to miss work. >> hundreds of thousands of civilian workers, many still on the job, many forced to stay home aren't being paid. even if they have families to support and local businesses that rely on them. and we know that the longer this shutdown continues, the worse the effects will be. more families will be hurt, more businesses will be harmed. >> the president says more families will be hurt. isn't this the message t
ceiling resolution has to occur. and if not then, you know, one of the things that republicans have tried is to say they want to go to conference committee but with just the temporary continuing resolution as opposed to a big budget deal. which means we're doing this again in several weeks. i think obama is trying to make clear that it's kind of government by crisis. funding a few weeks at a time is unacceptable. and in that case, he can't negotiate. >> congressman fattah, you heard a...
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Feb 6, 2013
02/13
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ceiling decision. which shouldn't be a decision. all you have been hearing from the majority in the house and the republicans in the senate is, austerity, austerity, cuts, cuts, and avoiding the whole discussion of the fact that those -- that attitude and that philosophy is only going to worsen the economy. if the sequestration goes through, that's 650,000 jobs lost the first year. and the balancing act is about creating revenue. and creating revenue from sources that should be on the table but aren't being discussed on the table. balancing act is about investment in this term with jobs, education, r & d, things that our country need in order to grow and sustain the recovery we're on. so, investment in this term, and we all recognize the deficit is an issue but it is an issue over a long term, and the balancing act by repealing sequestration creates for us in this country an opportunity to continue to recover and stabilize our economy, invest in thing wes need for the future, and put on the table reven
ceiling decision. which shouldn't be a decision. all you have been hearing from the majority in the house and the republicans in the senate is, austerity, austerity, cuts, cuts, and avoiding the whole discussion of the fact that those -- that attitude and that philosophy is only going to worsen the economy. if the sequestration goes through, that's 650,000 jobs lost the first year. and the balancing act is about creating revenue. and creating revenue from sources that should be on the table but...
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Jan 16, 2013
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debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader, john boehner. >> obama told his staff, john boehner is a country club republican, a golf-playing, cigarette smoking deal-maker. >> narrator: the president invited boehner to play golf with him at andrews air force base. >> and afterward, they go back to the clubhouse, and they're having a drink; there's a photo op. and it's at that point when boehner says to the president, "hey, you know, on this debt ceiling stuff, we ought to do something big.
debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death...